Chevron Corporation Is Contributing A lot To The Australian Economy

The relationship between Chevron and Australia is going fairly well, the future seems bright for both.

Australia is one of the places that are economically benefited directly or indirectly through various projects carried on by Chevron Corporation. The mega projects and activities that the company has carried out in Australia are Grogon Liquefied Natural Gas and The Wheatstone Projects. Along with these projects the corporation has made other investments as well; through these projects, investments and activities the economy has larger benefitted.

Chevron is considered as one of the major contributors and distributors of natural gas in the country. For the development of the corporation’s Gorgon and Wheatstone projects, it has committed over $45 billion from 2009 to 2014. The oil major had further provided major employment opportunities in the country which has largely contributed to the country’s economy as well. The oil and gas corporation has managed to hire over 19,000 employees from Fiscal Year 2009 to Fiscal Year 2014. In the same time span, over $1 billion have been invested in research and development in the region.

Furthermore, Chevron has also worked towards enhancing academic education and research in the country and has contributed over $53 million so that better education can be provided in the region. It has also invested in exploration activities; the amount contributed on this cause is $1.6 billion. Through this investment, the country was able to make 24 offshore discoveries.

According to the corporation, these investments and contributions will benefit Australia’s economy from 2009 all though 2040. It is likely to contribute over $1 trillion to the gross domestic product, which could be generating $32 billion to GDP annually and along with that it could also contribute to Federal Government with an amount of $338 billion in revenue. Over the period of time, these projects could generate as many as 150,000 full time jobs for workers which would mean there will be 5000 job openings in the country on an annual basis.

Once the Gorgon and Wheatstone project is fully operational, it has the capability of producing 550 joules of domestic day daily which would amount to 50% of the current domestic gas supply in Australia. It is quite evident from all this information that both Chevron and Australia aren’t letting this partnership go easily or any time soon for that matter.

On November 18, 2015 Chevron’s stock was being traded in the market for $92.21 which showed a change of 1.30%. For the next year, the company is forecasting earnings per share of -8.06% while having a current return on investment at 6.40%. The market capitalization of the gas and oil company is 171.32 billion and the current EPS is 4.60 with a price to earnings ratio of 20.03.

Chesapeake Energy Corporation Plans To Sell Off Assets

The oil digging company is to carry out a major plan to sell of its assets to cover the losses it has so far made due to the downturn in the energy sector.

Chesapeake Energy Corporation has recently announced that it will be doing a major selloff of its assets soon, which is being taken as a much needed step by the oil giant. The energy sector on a global level has been experiencing some major downs lately which have made all the related companies in the industry think of quick strategies to overcome the losses they experience over the course of time. In the same way, the oil service providers have also carried out some important steps to cover the losses, among which selling off its assets has emerged to be an important one by the giant.

Following the decrease in oil prices, the decrease in the services provided by Chesapeake has also been observed. According to related report, the oil company is currently working towards cutting down its costs along with observation of suspension of dividend payment to save itself in this difficult time. However, the strong earnings report that was recently reported by the oil digging giant cannot be ignored, as it managed to beat estimations by a huge difference.

The estimate for EPS was made at -$0.136 by the analysts on the Street, but Chesapeake stock reported the earnings per share to come around -$0.050 which was much better than the expected loss. However, the revenue reported by the company almost missed the predictions but managed to sustain its value on the index. The giant might seem to be doing well on the front, it cannot be denied that there are some persistent issues erupting from the oil services provider’s end which majorly can be seen in the capital structure on which the whole business plan of the oil diggers stand.

Furthermore, analysts at the Credit Suisse equity giant have advised the company to start working on deleveraging its structure, which is the only solution that can be thought of that will help the oil giant the most. This is why the company has decided to start selling off its assets to begin levering off the $10 billion debt it is currently in.

This debt will not be handled only by selling assets but by also cut down on excessive spending and to carry out more projects in joint collaborations with other companies. The oil company believes that these are some of the major steps it can take to sustain the downing position it has been experiencing for some time now. As per report, it is also looking to sell off major parts of its assets to make sure it does not fail as an energy giant in the industry.

Chesapeake Earnings Preview 3QFY15

The oil company is to report more losses in the upcoming earnings report where the analysts have turned rather bearish towards its stock.

Chesapeake Energy Corporation is one of those energy companies in the United States which has faced some serious series of ups and down on the stock index due to the increasing and decreasing oil prices in the international market, which is why the past few quarters for energy giants have been a little too difficult to manage. The recent events which have taken place on a global level with the demand of the crude oil falling in one of the most important buyer namely China also turned down the oil business on a huge level apart from the fact that the US has been having issues with the Saudis as well. All of these event have resulted in the crude oil falling from a per barrel value of $110 to a current price of $46, something which has raised great concerns of analysts and investors in the oil digging company. Oil and gas services provider, Chesapeake is, however, all set to announce its earnings to the market on Wednesday before the opening bell of the day and the expectations which have been circulating in the market have turned out to be rather on the negative side because the company seems to be working on a much lower level than it should have been, despite the uncertainty in the global market. The oil company has not only reported poor sales results in the last quarter but the fact that it has also experienced a dip on the index by a colossal 66.41% has turned out to be a rather bearish news for the investors to react on. The expected revenue for the coming quarter, according to the consensus estimations made by the Street analysts is to come around $2.95 billion. This shows that a dip is to be observed by the company where the revenue is concerned by 2.64% whereas if compared to the previous year, the loss will be come around 48.20%. The adjusted loss to be reported by the oil digging company is to come around at $0.13 and the EPS that was previously informed by the giant was noted down at $0.38. Around 34 analysts in the market have covered the Chesapeake stock and 21 of them have given it a ‘hold’ rating while 8 suggested a ‘sell’ rating to the shares.

Halliburton Company Accepts Williston Layoffs

One of the world’s largest oil and gas company, Halliburton's business conditions influenced the organization to layoff from its Williston offices.

During the month of April, the oil and gas company, Halliburton, closed its Minot outlets and relocated its employees from there to Dickinson and Williston, despite they refused to state the number at the time. Just after some months, with drilling equipment counts still not up to the mark and many of its projects are postponed, keeping this situation in consideration, Halliburton Company (NYSE:HAL) has assured that there have been more unemployment from their Williston working places. According to the sources, the oil company will not reveal the figure of those workers, whom they are going to fire from the Williston offices. The organization will observe the business situation with respect to its business condition and then maintain the size of their labor to align with the recent business requirements. The information regarding the business transaction and figure of employers is confidential data that cannot be disclosed. For the time being, the oil and gas company is in process of seeking administrative approval attainment of Baker Hughes, a $34.6 billion oil move that would be one of the largest moves during the last twenty years. If the deal finalizes, it would be the second biggest deal just after the ConocoPhillips acquirement of Burlington Resources in 2005, which was for $36 billion. In order to achieve the green right, the Halliburton Company stands in need to market around $7.5 billion of its asset to single buyer. According to the recent broadcast by Bloomberg, different organizations that include, Nabors Industries Ltd, GE, and Weatherford International, are among the contenders who bid for drilling services and drill bits. The corporate giant acknowledges that it stands with the certified consequential compliance with second Department of Justice application relevant to the attainment with continued dedication to finalize the deal in 2015. The collaboration is not the reason behind the downsizing of workers. A delegate from the state for two organizations confirmed that both organizations have reduce 14,000 and 13,000 jobs correspondingly from the beginning till now, with respect to the fresh quarterly securities during the month of July. In other words, the companies lay off 16% and 21% of the net headcount subsequently. The American company, which is one of the largest oil and gas organization, has the budget around 80,000 last year and Baker Hughes stands with 62,000, as per the disclosed information. The job cuts demand compensation that presents challenges to businesses, and the same might be expected here. 

Chesapeake Energy Corporation Faces Legal Claims

The oil company now faced 400 lawsuits filed against it by landowners who claim to be cheated by the company on multiple levels.

Recently, it was seen that Chesapeake Energy Corporation was accused by a massive four hundred lawsuits that claimed that the oil-digging firm has been running an unfair business by giving the all kinds of wrong information to its customers and landowners regarding oil prices and taking away higher prices from them in a completely dishonest manner. All the lawsuits have been filed against the oil firm in Texas and it has been disclosed that the oil field services provider is withholding a colossal amount of $1 billion, which actually belongs to all the landowners who have been charged wrongly by the company. The oil company is the second biggest oil services provider in the country and the legal problems it has now been attacked with seem to be quite big too. According to Dan McDonald's, who is associated with the law firm McDonald's, it was seen that Chesapeake was dealing with a massive 25,000 owners of land who were also in the ownership of tracts useful for the firm. These owners were misguided by the oil giant as they were not aware of how the oil industry carried out its business activities and easily agreed to what the firm told them. Mr. McDonald's believes that these landowners were spoken to by a lawyer who informed them of the vulnerabilities they could be facing by breaking the law since they owned such tracts on their land. Chesapeake, however, has so far not agreed to any of the accusations and has informed the media that it will be addressing the press through an appropriate platform to discuss this problem. All the cases, which have been filed against the giant, are to go to court in February, some taking place in Fort Worth while some of them will take places in Tarrant County. On the other hand, oil firm has already carried out settlement activities with some of the parties accused it of holding back the royalty money. These settlements and the amounts against which they were made have not been made available to the public yet. Analysts believe that the 400 lawsuits filed against Chesapeake are something that the firm has no option but to take very seriously as these are something that should be reckoned with. This is currently not the only challenge being faced by the giant but it is also facing the fall in stock value on the other hand which is just another issue to be handled by the firm.

Chesapeake Energy Corporation (CHK) Still Suffering From Recession

Chesapeake Energy Corporation continuously following a declining trend, as the oil prices are showing a downward deviation, no improvement is observed, since the 1st quarter of 2015.

In the starting of 2015 the oil price showed some recovery during the first quarter but after that followed the same declination trend. All the companies related to oil field are trying hard to bear cash flow positions but its seem to be very difficult for the time being and stop their investment and operational projects, as oil prices are not showing any kind of improvement. Currently Chesapeake Energy Corporation (NYSE:CHK) is also suffering from the same condition, as it is use to of it.

It is observed that CHK stock has showed a downward steep by 59.27 % until now and the company is witnessed to have suffered a fall by 69.91 percent in the span of 12 months, making the stocks to close with a 2.56 % decline at $8 on Wednesday last week. Recently the stock showed its lowest declination till $6.96 against its lowest level since 2003. The market capitalization of the energy corporation positioned at $5.46 billion strongly lower than past year’s figure of $18 billion.

Financial quarterly results of the gas and oil company regarding the second quarter of 2015 imparted no precaution net for its institutional investors. The organization commenced 2015 with $4.1 billion in terms of cash account but during the year interval ,oil recession knock it down to $2 billion. Its capital expenses level slides by 45 % to $3.58 billion from $5.2 billion this year. The association bear the 1st six months of the year by spending half of its cash. The reduction of operational expense from $3.25 billion to $2.16 billion year over year, hasn't made any benefit to them, however it reported a total loss of $4.10 billion, a disappointing fall against their $191 billion which is the last year’s reported earning.

With respect to research report this week, market specialists from Jefferies research firm recommended a lowered target price for Chesapeake energy corporation to $6 from $8, while assigning an underperform ratings. Another very well known research firm, Bernstein suggest the outperform rating and put forward higher target price to $18 indicating the upward steep to the potential by 130 %. Currently the company positioned at the price target of $11.69 on the consensus basis according to the upward potential by 51.4 % on the stock of the firm. Out of 36 specialist, broadcasting the stock, 8 suggest buy, 7 commend a sale and a hold recommended by 21 market experts.

Chesapeake Enjoys A Rise As Oil Prices Increase

Chesapeake share value has increased right after the firm announced a successful earnings reports last week.

Chesapeake Energy has recently gone right up on the stock index following the successful and surprising earnings report that it announced only last week. The oil prices have gone right up by a massive 4.4 percent which has increased the price of per barrel oil by a huge $8.69.

These new changes have emerged in the stock market on Monday when the crude oil prices went up by an eminent $1.69 resulting in the per barrel price to reach $44.61. The Brent crude, on the other hand, has reached an expectation of $49.66 for the month of September, calculated on a per barrel basis. This increase has been noted to be around 2.16 percent.

According to a report published by Bloomberg, it emerged as a fact that the increase in the per barrel price of oil was actually due to the rise in the imports done by the Chinese crude oil providers that happened in the previous month of July. The data that was taken out to be analyzed was also initially collected by the records made by small refineries that were working on a private level. Even though the oil production seems to be going high without showing any signs of dropping, this news has turned out to be nothing but pleasant for the oil company.

On a different level, the higher increase of oil production in the global market made the analysts believe that the demand for it will eventually experience the biggest crash it has ever seen. But since the increase in oil prices that Chesapeake recently was seen enjoying, it was confirmed that so far the demand has not seen any dip despite the expectations.

Chesapeake oil company announced its quarterly earnings only recently in which it was shown that the firm has beaten the expectations of analysts by a satisfying difference which not only shocked the analysts but also the investors in the company which turned out to be a little more satisfied than before. Moreover, the analysts at The Street have closely been analyzing the situation the oil firm is in for the past few days since the earnings call and have come to the conclusion to grant a ‘sell’ rating to it.

The many reasons stated for such a rating is that the firm has not only been under-performing on the S&P 500 for some time but it has also been receiving much low net income for some time which has made the analysts a little too bullish about the future of the firm.

Exxon Mobil Corporation Going Down, Dow Jones (DJIA) Reports

As the world oil rate decreases from $100 per barrel to $50 since April last year, it rendered some of the Exxon projects worthless with no profit at all. After facing a downfall, they are going to alter the company’s spending by 12% to $34 billion.

Exxon Mobil Corporation is on the verge of poor performance. Exxon Mobil stock, going downwards 4.6 percent per share, is experiencing the worst loss in a day after August 2011.

Exxon was 4.8 percent down in July, whereas Chevron fell by 8.3% in the same month. Collectively, over this year Exxon Mobil shares are 14% down, a great fall for any company to recover. Wall Street anticipated earlier on Friday about quarterly earnings that the oil company will be seen down.

The CEO and Chairman of Exxon Mobil, Rex Tillerson, states about the variation of their company, "Our quarterly results reflect the disparate impacts of the current commodity price environment, but also demonstrate the strength of our sound operations, superior project execution capabilities, as well as continued discipline in capital and expense management.”

The huge drop in crude oil rates also affected the results of Chevron, the oil producer. John Watson, Chevron’s CEO, clearly stated about the financial position of the company in a statement, "Second quarter financial results were weak, reflecting a crude price decline of nearly 50% from a year ago."

Their fast running business was seriously cracked by the fall of oil prices turnovers, which brought out massive destruction to their reputed business. Mr. Watson acknowledged about the improvement in refining, purification, and processing of crude oil, which can give the best financial support by saying that, "Downstream operations continued to deliver strong financial performance, reflecting both high reliability and improved margin."

One of the best and superior oil organizations, Shell, announced yesterday that they have downsized around 6,500 workers, as they are facing a fall in their revenues because of continuous fall in oil rates.

All oil majors in industry are experiencing disruptions in their earnings, which resulted in thousands of jobless workers. These companies have started reviewing their criteria by adjusting their techniques to pull even more oil and gas out of wells, to collect the quantity by which they can cover up their losses or expenditure at least.

It is necessary to bring a quick responsive change in their strategies because industry officials do not expect energy prices to be accelerated anytime soon. At an official meeting last week, Exxon Mobil CEO said about the falling rates, “the low prices are going to be with us for some time."

After the recession in oil prices, the Exxon Mobil stock market also brings the decrease in valuation, as the company is returning money to its shareholders continuously.

Halliburton Company Earnings Report 2QFY15

The oil digging firm has reported a much better quarter than expectations of the analysts.

Halliburton Company has successfully ended up surprising analysts and investors in the industry by a huge difference as it has reported a better second quarter of the FY15 than what was expected out of it. The oil digging company is of the biggest of its kind in the world and has proved to be carrying out a successfully progressive business following the earnings report presented recently, given the difficult time it was facing due to the oil prices which faced an all-time low in the international market.

Halliburton oil firm reported the earnings for the second fiscal quarter of 2015 before the stock market opened for the day. It was seen that the oil company managed to receive net income of around $380 million in which a decline was most evident as in the last quarter of the same year; the net income had been recorded at $418 million. The loss at that point came out to be of 9.09 percent. On the other hand, the earnings per share of the oil field services providing firm turned out to be $0.44. However, this time around, the analysts expected the EPS of the company to come around at 0.29 which showed that the oil services provider outdone itself by reported such a high earnings rate.

Even though as compared to the previous quarter, Halliburton has reported comparatively low figures, they are still much higher than what the analysts expected it to show. Furthermore, operating income was announced in the earnings conference to come to be $643 million while total revenue was noted down at $5.9 billion. This showed that a decrease of 16.9 percent was recorded as compared to the first quarter of the same year. However, it was seen that the oil digging firm carried out its business in the oil industry around 26 percent more positive results than what the other companies achieved.

It was also expected from the oil company’s future endeavors that the share price might go down from the current position as the oil prices have been experiencing a major dip for the past couple of quarters.

Chesapeake Recieves A Hold Rating From Argus' Analysts

The oil company has received a hold rating from analysts due to the falling oil and gas prices in the global market.

Chesapeake Energy has recently been rated by the analysts at equity firm Argus and a detailed account has been released by the analysts who believe that currently the investors in the oil digging company should hold back their shares and trade cautiously.

A rating of ‘hold’ has been granted to the oil stock taking into consideration the changes in the oil industry that has been observed lately. Such a rating given by the analysts has been released due to the many changes in the nature of the stock due to the falling oil prices. On the other hand, it should also be taken into consideration that if the current year is compared to the year before, it will be seen that the value of the oil has fallen by around 39 percent.

The analysts at Argus are also of the opinion that presently it is not possible to say that Chesapeake stock is going to perform in a better way in the future as the oil and gas prices are expected to stay in a declining position for some time. The financial firm has also cut down the estimations it made on the gas price of Henry Hub for the year of 2015 and has brought it down to $3 million from $3.5 million. However, even after all the negative changes being brought about on the stock, the analysts have yet not given a bearish verdict on the future of the firm due to a few reasons. It is to be believed by them that the oil company has managed to hold itself from falling despite the uncertainty in the oil prices that seemed to leave no other way for it.

Recently, it was also seen that Chesapeake management head CEO Doug Lawler sold quite a lot of the assets belonging to the company namely of Utica and Southern Marcellus which has backed up the oil field services providers in a much positive way. Analysts now believe that the firm has a chance to cut down on the net debt as well and give more money towards the capital expenditure. Furthermore, this will also help the oil company to raise more cash by investing more in the business.

However, Chesapeake is believed to still in trouble according to Argus analysts as the firm is a little too dependent on the price of natural gas and oil which has been stated as a problem by the analysts. The more the prices fluctuate, the more problems the firm is expected to face to balance itself on the stock market.

Chesapeake Corporation Shares Fall By 1.8%

The oil digging company has faced a massive downfall in which its shares came down by 1.8% bringing the share price to $11.67.

In a recent press release, it was seen that Chesapeake Energy Corporation fell by a massive 1.8 percent in the last trading session that oil firm went through as of on Friday, June 19. The share price that was recorded by the end of the trading day came around at $11.67 which was taken as a surprisingly low price for the shares to adopt.

This decline was noted down due to the fall in the value of the crude oil that brought about a stir in the energy companies all over the globe. As for the crude oil delivery, it was seen to see a massive dip of 1.9 percent for the month of July, while on the other hand, per barrel price of the oil was seen to be at $59.30. As for the Brent crude oil prices, they also went down by a large difference. The delivery for August of the crude oil (brent) was seen to fall by 2.4 percent, which resulted in the value of one barrel coming around at $62.70.

This fall in the oil industry had been predicted as per a report published by Reuters recently, and the predictions were mentioned in oil forecasts. Even though a fall has been seen in the oil output, the shale oil producing companies seem to be quite bullish about their future as they think that their position in the market is expected to become better in the coming months.

On the other hand, many analysts made coverage on Chesapeake stock and decided to give various ratings. TheStreet equity analysts also carried out a detailed research on the stock activities in which they came to the conclusion of granting the shares of the oil digging firm with a ‘sell’ rating. The reason such a negative rating was presented to the shares of the oil company due to many reasons, among which one of them was the fact that no proper strengths were shown by the firm. The analysts also believe that the current situation shows that the firm’s negativity is far more on the heavier side than any positivity which means that the shareholders and investors have not much to look forward to.

Due to the downgraded position of the shares, the investors in the oil company will not be able to obtain good results out of their shares, which is why they have been guided by the firm to sell their Chesapeake shares. The discouraging return on the shares is one more displeasing factor which has made the analysts turn bearish towards the company.

Chesapeake Might Not Face Difficulty In Cash Flow Despite Low Oil Prices

Analysts believe that the oil company is worth much more and the decreasing oil prices are not going to affect it much.

Chesapeake Energy Company has been facing some issues on the stock index, given the fact that the oil prices have been on a serious low for some time. Analysts at Oppenheimer were seen to give a downgraded rating to the shares of the oil digging company considering the fluctuation that the oil prices were showing in the market. Analysts have also expected the company to receive a negative cash flow in the upcoming months of 2015 and even in the next year. The rating that was received by the firm was of a ‘performer’ from previously ‘outperform’ given by the analysts of the same equity firm.

The oil and gas prices which have become quite a significant reason for the undoing of many oil companies in the industry have been adopting much of an undecided pace for some time. Chesapeake has also been reportedly selling off its assets in order to fill up for the loss being faced because of the declining prices of the natural has which is why the analysts seem to be holding a negative stance towards the firm. Furthermore, some analysts believe that the oil diggers are not going to face much of a cash flow problem as anticipated in the coming weeks.

Even though there are issues that the energy company is facing, cash flow is less likely to be one of them as per analysts’ belief. This is being said by equity firms keeping in mind a cash credit facility valued up to $4 billion that the oil services providing company currently has. This facility has also not been in use of the firm as per recent reports which mean that the firm has a strong reason to not panic at this moment. Also, the cash flows that the currently noted down by the firm are up to $2.7 billion, that too in cash.

Analysts are also looking at all the possible reasons why the firm should not worry about declining cash flows and one of them is that the oil company has strong boundaries made around the oil and gas prices which are making the analysts turn positive for the near future of the company.

As seen in the recent times, even though the Chesapeake is cutting down its assets and selling them off, it will be seen that the already being carried out production of the oil services and operations are being carried out quite perfectly, precisely in Utica and Eagle Ford. It has also been announced that a massive chunk of the company’s capex is going to be handed down to these two oil fields.

Bidness Energy - Chesapeake Energy Hits A Low On Stock Index Following EIA Report

The oil company has been trading on a real low following the EIA report that was released regarding the expected decline in oil prices that might take place in the summer of 2015.

Chesapeake Energy Corporation was seen trading on quite a low share price on Friday, June 5, which was due to the negative report that emerged regarding the natural gas reserves that were seen to show unnatural highs and lows. According to a report by Energy Information Administration of the United States, it was seen that on June 4 the natural gas reserves increased by a massive amount that surprised the whole industry. The expectation from the gas reserves was to reach around 112 billion cubic feet, however, the actual reserves touched a massive 132 billion cubic feet as per the research of the EIA. This significant change in the amount of the natural gas was recorded as the largest increase in the gas reserves in the past ten years.

Only last week, it was seen that the natural gas reserves had increased to 112 billion cubic feet. Therefore, the total inventory of the natural gas has come around at 2.233 billion cubic feet. This is one of the most significant changes of the year, keeping in mind that last year the gas reserves were 50.6 percent less than what they are now, been reported to be around 1,482 billion cubic feet only.

On the other hand, the Natural Gas Supply Association has released a new research on the demand of natural gas that might surface in the current year. The annual outlook that is reported by the association every year looks quite positive this time around, believing the demand to be a record-setting one. One thing to be considered is that the increase in demand is not going to help the oil industry as analysts believe that the production expenses are also going to be seen on the surface.

In a report by the NGSA, it was explained that even though the demand is likely to increase, the price of natural gas is also expected to get affected on a big scale. Saying this, the prices are therefore expected to be going down on the scale more than they did in 2014. One more thing is that the fact price of production is also going to get increased cannot be ignored and it is expected that that too might break records.

On the other hand, since the supply is much more than the demand considering the high volume of natural gas in the current situation, it is expected that the oil prices go much lower than the present price natural gas is being traded on. Chesapeake shares have been taking a downward toll following this report which has made the share price reach the 52 week low of the stock at $12.8.

Bidness Energy - Chesapeake Witnesses Fall In Debt Value By 2.8%

The oil field services providing company has received a downfall in the debt value in the recent trade the firm went through.

Chesapeake Energy Company has recently received a dip in the debt value of the stock recorded in the last session of trade that it went through. According to the last session on the stock index that the energy firm was seen doing on Thursday, the debt issue that has a decreased value now also possesses a high yield value which a coupon of 5.375 percent and is scheduled to get mature on June 15, 2021. On the other hand, the bonds that have been issued to the buyers have been valued up to $99.00. This shows a rise in the value as only a few days ago; the value was trading at $98.50.

Some equity firms have been analyzing the stock position of Chesapeake closely and have come to the conclusion of giving a mixed opinion on the oil stock. JPMorgan Chase has analysts who have made coverage on the oil digging company’s stock in a report presented by them on May 21, 2015. As per the report contents, the oil firm has been granted a rating of ‘neutral’ along with a target set on the shares at $14.00. On the other hand, Goldman Sachs also has been looking at the stock closely and has come to conclusion to give it a ‘neutral’ rating as well, a rating downgraded by a previous ‘buy’ rating. The price target has also been decreased by the same analysts to $16.00 while previously it was $19.00. This research has been made on May 18, and the analysis shows that Sachs analysts are not too bullish about the near-term future of Chesapeake oil company.

Moreover, a downgrade has been witnessed in the expectations even by the analysts at TheStreet, who have given Chesapeake stock a ‘sell’ rating, showing their utmost bearish stance on the company. As for SunTrust, the shares of the energy company have also been granted a ‘neutral’ rate which has been taken as a downgrade keeping in mind the previous rating was set at a rating of a ‘buy’. The target that has been set for near future has also been decreased by a massive difference coming around at $14.00, from a previous target of $25.00. This analysis report was submitted by the analysts on May 6, 2015.

On a consensus level, the average analyst has granted a ‘hold’ rating to the oil field services providing company along with a price target of $18.97. In the last session of trade, Chesapeake was seen to trade downwards by a massive 4.81 percent.

Zack Analysts Give A Hold Rating To Halliburton

The oil company has been trading downwards in the recent trade sessions due to which the analysts have come out to be quite bearish about the stock.

According to the most current Halliburton news, it has emerged as a fact that the firm has been witnessing some issues in the oil field services industry due to which many equity firms covering the stock of the firm have updated their analysis. As per the latest analysis made by the analysts at Zacks, it has become evident that the oil company has been provided with a ‘hold’ rating on the shares with the grade 3 ranking to the oil stock.

The average rating that has been received by around twenty-six analysts at the Wall Street has suggested a 1.85 rating to the shares of the energy firm. On the other hand, sixteen other analysts who have made coverage on the company’s stock activities seem to believe that the shares deserve a ‘strong buy’ rating, while only one analyst has granted a ‘buy’ rating to the oil firm’s stock.

Around seven significant brokerage firms who have been keeping a close eye on the company’s activities in the business, field have presumed a ‘hold’ rating for the shares. Only one equity firm thinks that the shares of the oil field services company deserve a ‘sell’ rating.

Furthermore, it was seen that analysts at brokerage firm Jefferies raised the target on Halliburton shares to a massive $60 from $54 which was previously given by the same analysts. As for the ranking, a ‘buy’ rating has been given by the Jefferies analysts to the energy oil company. If the consensus rating is taken into consideration, it will be seen that around $55.33 have been fixed by most of the analysts who have been studying the oil stock closely.

In near future, it has to be noted that fluctuation is also been expected to take place from the current target that has been set by analysts. The highest point that is expected for the firm to reach is with a share price of $83 while the lowest that is predicted by financial gurus is to reach a figure of $40.

The oil field services company has been witnessing some issues regarding the fluctuating pace of the oil prices on a global level which is why in the Friday’s trading session; the share price received an eminent downfall by 0.25 points. At the time the firm started its trade, the shares was recorded to be at a price of $45.64 and the highest it reached for the day came about to be at $46.38. However, this pace eventually experienced a dip as, by the end of the day, the firm closed the day’s trade with a share price of $45.54.